The Dreams Deferred by Baltimore’s Mortgage Crises Set the Stage for Unrest

On the steps of the city courthouse, a monument to equality and the rule of law, Baltimore residents have learned how dreams can be brutally deferred. There, the property of the city’s poor and working families has been, by order of the court, auctioned to the highest bidder. When examining the tensions that erupted in Baltimore in the last two weeks, the consequences of losing homes should not be minimized as a factor in the sense of outrage and injustice. Foreclosures in the wake of the subprime mortgage scandal of 2008 have been the end game in predatory lending schemes that plundered the single modest asset held by many black Baltimoreans: their homes. Read more here.

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